Net Tangible Assets 605,607 1,137,876 1,037,849
Acquisitions. Notice Goodwill has increased accordingly. On acquisitions, companies often book much of the purchase price to Goodwill so that the amount can be amortized as depreciation expense over time. Goodwill is not considered a tangible asset.
...cat, mtw, cmi all up today on better china news..the only thing taking joy down is stupidity on low volume...buyers will come in, joy should be bottoming here, now is not the time to sell